SpaceX Share Frenzy: Investors Must Beware Of Scams Offering Shares In $180 Billion Company
Portfolio Pulse from Neil Dennis
Investor interest in SpaceX has surged, but the company remains privately held, with shares not available on public exchanges. Elon Musk, CEO of Tesla (NASDAQ:TSLA), is believed to own a majority stake in SpaceX. While private share sales are possible through platforms like Rainmaker Securities, these are typically restricted to accredited investors. Rumors of a SpaceX Starlink IPO were quashed by Musk, who stated it would only occur after certain financial targets are met. Meanwhile, scams promising SpaceX shares are proliferating, similar to the cryptocurrency scams in 2018. Investors are advised to be cautious and patient for a potential future Starlink IPO.

December 29, 2023 | 8:01 pm
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Tesla CEO Elon Musk owns a significant stake in SpaceX, a company experiencing high investor interest and associated with IPO rumors and investment scams. Tesla's stock may see indirect effects due to Musk's association with both companies.
While the article discusses SpaceX, an IPO, and investment scams, Tesla (TSLA) is only indirectly related through Elon Musk's ownership. There is no direct financial impact on Tesla from the SpaceX news, but investor sentiment towards Musk-related ventures could have a minor influence on TSLA's stock in the short term.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50